Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global Supply Chain Management Software Market Report 2023: Adoption of SCM Software in Healthcare and Pharmaceutical Companies Fuels Growth

Published

on

<!– Name:DistributionId Value:8838322 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1026737 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:eb4e70a7-d85d-4358-bb15-47b0f63d2d5d –>

Dublin, May 12, 2023 (GLOBE NEWSWIRE) — The “Global Supply Chain Management Software Market: Analysis By Deployment, By Enterprise Size, By Solution, By Industry Vertical, By Region, Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.

The global supply chain management software market in 2022 was valued at US$21.65 billion. The market value is anticipated to grow to US$39.69 billion by 2028.

Supply chain management (SCM) has become an essential component of business operations. It has enabled industries all over the world to streamline their operations while achieving the finest revenue returns. Supply chain management software is a real-time analytical platform that speeds up the movement of information and materials throughout the supply chain network. The program is intended to improve a company’s SCM processes and offer businesses with visibility into procurement, manufacturing, inventory, distribution, and retailing.

Furthermore, supply chain management software can be customized and modified to meet the needs of the organization. Large retailers with many regional distribution centers, like Walmart, use supply chain management systems to coordinate between suppliers of merchandise (e.g., clothes, paper products) and Walmart’s retail stores to reduce inventory costs. This helps retailers like Walmart pass savings onto customers through lower prices for many everyday products. The backbone of many service operations is Supply Chain Management or SCM.

The market value is expected to grow at a CAGR of 10.63% during the forecast period of 2023-2028. The growing demand for real-time analysis and identification of complex patterns, development of industrial-grade digital technology, surge in need for improved supply chain transparency, as increase in inclination toward cloud-based supply chain management software well as the growing use of big data virtualization, are creating new growth opportunities for supply chain management software vendors. Improved performance, scalability, reliability, better problem solving, and real-time application are some of the key benefits of implementing supply chain management software solutions.

Market Dynamics

Growth Drivers

  • Growing E-commerce Industry
  • Growing Demand for Real-time Visibility
  • Adoption of SCM Software in Healthcare and Pharmaceutical Companies
  • Growing Need for Demand Management System
  • Implementation of Digitization in Businesses
  • Increasing Adoption of Cloud Based Supply Chain Management Software
  • Globalization

Challenges

  • High Initial Cost and Availability of Open-source Software
  • Increase in Security and Privacy Concerns

Market Trends

  • Integration of Artificial Intelligence (AI) in Supply Chain
  • Adoption of Big Data Analytics and IoT
  • Advancements in Industrial-Grade Digital Technologies
  • Increasing Demand from Aviation Industry
  • Inclination Towards Technological Advancement and Investments

Market Segmentation Analysis:

  • By Deployment: The report provides the segmentation of supply chain management software based on the deployment: On Premise and Cloud. During the forecast period, the cloud-based segment is expected to grow at the fastest CAGR. Cloud computing and storage systems are becoming increasingly popular among small and medium-sized businesses. Several organizations are gradually transitioning to cloud infrastructure, and this trend is expected to accelerate in the coming years. The advantages of cloud infrastructure, such as ease of adoption, reduced reliance on in-house infrastructure, scalability, and simple installation, contribute to the segment’s rapid growth.
  • By Enterprise Size: The supply chain management software market is further bifurcated based on the enterprise size: Large Enterprises and Small and Medium Enterprises (SMEs). Large enterprises dominated the market in 2022. Large enterprises typically have more complex supply chains, with multiple suppliers and distribution networks spanning multiple countries and regions. As a result, they require SCM software solutions that offer robust features and functionalities for managing these complexities. The market’s rise is being driven by the demand for software in key industry verticals to assist in the collection of critical business data from various and different sources, such as inventory levels, predicted sales figures, supplier information, and others.
  • By Solution: The report provides the bifurcation of the market into into five segments based on the solution: Manufacturing Execution System, Transportation Management System, Procurement and Sourcing, Warehouse Management System Management, and Supply Chain Planning. In 2022, the manufacturing execution system segment accounted for the largest share of the supply chain management software market. The growth of MES in the supply chain is driven by the need for real-time visibility and control over production processes. This allows manufacturers to improve production efficiency and reduce costs. The increasing adoption of automation and the rise of Industry 4.0 are also driving the growth of MES in the supply chain.
  • By Industry Vertical: The report provides the bifurcation of the market into seven segments based on the industry vertical: Manufacturing, Food & Beverages, Transportation & Logistics, Retail & E-commerce, Healthcare, Automotive, and Others. The retail & e-commerce segment is expected to grow with the highgest CAGR uring the forecasted period. The goal of retail and e-commerce supply chain management software is to assist these businesses in managing their whole supply chain, from the acquisition of raw materials to the distribution of finished goods to customers. Retailers can use the program to track consumer orders, manage their inventory, and guarantee delivery on time. The demand for better inventory management, the requirement for real-time insight into the supply chain, and the want for greater supplier and customer collaboration are the drivers influencing the adoption of supply chain management software in the retail and e-commerce sector.
  • By Region: The report provides insight into the supply chain management software market based on the geographical operations, namely North America, Europe, Asia Pacific, and ROW. The North American region held a dominant share in the supply chain management software market, owing to the factors such as increasing adoption of cloud-based technologies, which are enabling businesses to store and analyze large amounts of data more efficiently and cost-effectively. Additionally, there is a growth in the adoption of supply chain management software in the healthcare & pharmaceutical industries. With the compulsory implementation of GS1 standards & Unique Device Identification on pharmaceutical drugs and medical devices, the adoption of SCM software is increasing in the region.
  • During the forecast period, Asia-Pacific is anticipated to expand rapidly. This expansion is due to rapid industrialization and increased government spending. Companies in Asia-Pacific are increasingly adopting internet-based technologies, resulting in a rise in the region’s use of cloud-based SCM software. The region’s countries’ ever-increasing economic development, as well as the rising services sector, are encouraging business firms to make large investments in supply chain management software in order to sustain growth and improve productivity. Besides, there is an increased awareness among enterprises regarding the benefits of supply chain management solutions.

The key players in the global supply chain management software market are:

  • Oracle Corporation
  • SAP SE
  • International Business Machines Corporation (IBM)
  • Descartes Systems Group Inc.
  • E2open Parent Holdings, Inc.
  • Kinaxis Inc.
  • American Software, Inc. (Logility)
  • Infor Global Solutions Inc.
  • Coupa Software Inc.
  • Epicor Software Corporation
  • Korber AG
  • Blue Yonder Group, Inc.
  • O9 Solutions Inc.

SAP is currently the dominant player in the industry, with Oracle following closely behind. However, Oracle has recently made significant progress in the Cloud SCM market by offering a range of enhancements and accelerated go-live templates. These developments have appealed to a large number of net new customers, including many who recognize the strategic value of a unified Oracle cloud platform.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact of Covid-19

6. Market Dynamics

7. Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/xr8jrl

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

Published

on

ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience

Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

View original content:https://www.prnewswire.co.uk/news-releases/ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience-302127189.html

Continue Reading

Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

Published

on

sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment

This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment-302126952.html

Continue Reading

Artificial Intelligence

Homestyler to Recruit First Batch of Global Partners in 20 Countries

Published

on

homestyler-to-recruit-first-batch-of-global-partners-in-20-countries

MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

View original content:https://www.prnewswire.co.uk/news-releases/homestyler-to-recruit-first-batch-of-global-partners-in-20-countries-302127111.html

Continue Reading

Trending